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Auto parts chain acquires more property in Albany region


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O'Reilly is moving further into regions in NY/Northeast....

Auto parts chain acquires more property in Albany region

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O'Reilly Auto Parts purchased the site of a former fast-food restaurant in Queensbury, New York, for $800,000.

The nation's third-largest auto parts retailer has invested $2.8 million, acquiring four properties in Albany, Saratoga and Warren counties over the past 10 months. The investments come as the company makes an aggressive push into the region that will include a proposed retail store and warehouse at 1929 Central Ave. in Colonie.

O'Reilly is preparing to build stores in East Greenbush, Queensbury, South Glens Falls and Schenectady. Two stores are planned on Central Avenue in Colonie.

The company's latest purchase in the region was a three-quarter acre property at 682 Glen St. that was acquired from J&T Tsai Inc. for $800,000, according to a deed filed Thursday with the Warren County clerk's office. Bruce Ginsburg and Peter VanBortel of IKON Realty Group in Albany brokered the sale.

The property is the former site of the Fx3 Fit Food Fast restaurant. The property also served as a Friendly's Restaurant.

O'Reilly's, a publicly-traded Springfield, Missouri, retail chain (NASDAQ: ORLY) has said it plans to open 190 stores across the United States this year.

Article here:    https://www.bizjournals.com/albany/news/2017/10/06/auto-parts-chain-acquires-fifth-property-in-albany.html

Edited by partsman
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